This chart shows the average monthly enrollment for three major antipoverty programs: the Supplemental Nutrition Assistance Program (SNAP), better known as food stamps, Temporary Assistance for Needy Families (TANF), and Medicaid.
Mercatus Center senior research fellow Veronique de Rugy outlines the shortcomings of the Ryan Plan here. These charts examine how the Ryan Plan measures up to the Congressional Budget Office’s most recent budget outlook for FY 2013 to FY 2023.
On February 5, the Congressional Budget Office (CBO) released its Budget and Economic Outlook for fiscal years 2013 to 2023. While the report might suggest the US economy and federal budget are on the road to recovery, such an assessment would be shortsighted.
Beneficiaries continue to receive awards as long as they remain disabled or until they reach the full retirement age. The data show, however, that less than 10 percent of individuals leave the disability rolls by returning to work or medical improvement. Most beneficiaries simply convert automatically to retirement benefits at the federal retirement age.
Money-saving proposals through Medicare reform are a significant issue for the upcoming election. This chart re-examines Medicare costs over time using the most recent data from the 2012 Trustees Report and Congressional Budget Office. Between 1975 and 2011, the number of Medicare enrollees doubled to 48 million, and the real cost per enrollee quintupled.
With the Social Security Trust Fund exhausting faster than expected, another obstacle to the sustainability of the program is rearing its head: Social Security benefits rest on fewer and fewer taxpayers. This week's chart by Mercatus senior research fellow Veronique de Rugy uses data from the 2012 Social Security Trustees Report to show the number of workers that need to contribute to the system to ensure the benefits for one retiree.
According to the latest Social Security Trustee Report released last week, the Social Security trust fund will likely be exhausted by 2033—that’s 3 years earlier than last year’s projection and more than 20 years earlier than projections made in 1990.
Modest adjustments that reduce spending on entitlements do not touch the core of the issue. Real fiscal reform requires deep cuts across the board to all programs and activities that are better managed by state and local entities and by the private sector.
This week, Mercatus Center senior research fellow Veronique de Rugy examines the growth trends in health care in the Consumer Price Index (CPI) against the average inflation rate of all consumer prices and per capita Medicare spending.